Strategic Metals Ltd. Announces New Normal Course Issuer Bid to Succeed the Normal Course Issuer Bid Which will Expire on December 4, 2024
-
Australian tennis star Purcell provisionally suspended for doping
-
Asian markets track Wall St rally as US inflation eases rate fears
-
Luxury Western goods line Russian stores, three years into sanctions
-
Wallace and Gromit return with comic warning about AI dystopia
-
Philippine military says will acquire US Typhon missile system
-
Afghan bread, the humble centrepiece of every meal
-
Honda and Nissan expected to begin merger talks
-
'Draconian' Vietnam internet law heightens free speech fears
-
Israeli women mobilise against ultra-Orthodox military exemptions
-
Asian markets track Wall St rally as US inflation eases rate worries
-
Tens of thousands protest in Serbian capital over fatal train station accident
-
Trump vows to 'stop transgender lunacy' as a top priority
-
Daniels throws five TDs as Commanders down Eagles, Lions and Vikings win
-
'Who's next?': Misinformation and online threats after US CEO slaying
-
Only 12 trucks delivered food, water in North Gaza Governorate since October: Oxfam
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - December 23
-
Melrose Group Publicly Files Complaint to the Ontario Securities Commission
-
Langers edge Tiger and son Charlie in PNC Championship playoff
-
Explosive batsman Jacobs gets New Zealand call-up for Sri Lanka series
-
Holders PSG edge through on penalties in French Cup
-
Slovak PM Fico on surprise visit to Kremlin to talk gas deliveries
-
Daniels throw five TDs as Commanders down Eagles
-
Atalanta fight back to take top spot in Serie A, Roma hit five
-
Mancini admits regrets over leaving Italy for Saudi Arabia
-
Run machine Ayub shines as Pakistan sweep South Africa
-
Slovak PM Fico on surprise visit to Kremlin
-
Gaza rescuers say Israeli strikes kill 35
-
'Incredible' Liverpool must stay focused: Slot
-
Maresca 'absolutely happy' as title-chasing Chelsea drop points in Everton draw
-
Salah happy wherever career ends after inspiring Liverpool rout
-
Three and easy as Dortmund move into Bundesliga top six
-
Liverpool hit Spurs for six, Man Utd embarrassed by Bournemouth
-
Netanyahu vows to act with 'force, determination' against Yemen's Huthis
-
Mbappe back from 'bottom' as Real Madrid down Sevilla
-
Ali hat-trick helps champions Ahly crush Belouizdad
-
France kept on tenterhooks over new government
-
Salah stars as rampant Liverpool hit Spurs for six
-
Syria's new leader says all weapons to come under 'state control'
-
'Sonic 3' zips to top of N.America box office
-
Rome's Trevi Fountain reopens to limited crowds
-
Mbappe strikes as Real Madrid down Sevilla
-
'Nervous' Man Utd humiliated by Bournemouth
-
Pope again condemns 'cruelty' of Israeli strikes on Gaza
-
Lonely this Christmas: Vendee skippers in low-key celebrations on high seas
-
Troubled Man Utd humiliated by Bournemouth
-
2 US pilots shot down over Red Sea in 'friendly fire' incident: military
-
Man Utd embarrassed by Bournemouth, Chelsea held at Everton
-
France awaits fourth government of the year
-
Germany pledges security inquest into Christmas market attack
-
Death toll in Brazil bus crash rises to 41
NYSE - LSE
Strategic Metals Ltd. Announces New Normal Course Issuer Bid to Succeed the Normal Course Issuer Bid Which will Expire on December 4, 2024
Strategic Metals Ltd. (TSXV:SMD) ("Strategic") announces that it is making a new Normal Course Issuer Bid (the "New Bid") pursuant to the provisions of TSX Venture Exchange Policy 5.6, to succeed its existing Normal Course Issuer Bid (the "Old Bid") as accepted by the TSX Venture Exchange on November 30, 2023.
Strategic has purchased no shares under the Old Bid, which will expire on December 4, 2024. The New Bid will consist of the acquisition by Strategic of up to 8,500,000 common shares of its capital stock, representing approximately 10% of the "public float" of 85,177,013 common shares upon the date of commencement of the New Bid. (There are currently 110,955,967 common shares of Strategic issued and outstanding.) The New Bid will commence on December 5, 2024, and will expire on December 4, 2025.
Strategic is making the New Bid, to succeed the Old Bid (which was limited to an aggregate of 8,500,000 common shares), because it is of the opinion that fluctuating global market conditions periodically (and currently) may result in unwarranted reductions in Strategic's share price that do not reflect the underlying value of its assets. Strategic will utilize unallocated cash resources to effect purchases under the New Bid with a view to capitalizing on these potential price weaknesses. Shares purchased under the New Bid will be made at Management's discretion based on market conditions, and will be returned to Strategic's treasury for cancellation.
The New Bid will be conducted on behalf of Strategic by Ventum Financial Corp., of Suite 2500 - 733 Seymour Street, Vancouver, B.C. V6B 0S6.
ON BEHALF OF THE BOARD
"W. Douglas Eaton"
President and Chief Executive Officer
For further information concerning Strategic or its various exploration projects please visit our website at www.strategicmetalsltd.com or contact:
Corporate Information | Investor Inquiries |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
SOURCE: Strategic Metals Ltd.
Y.Aukaiv--AMWN
